South Dakota § 47-16-40 Distribution of net proceeds.

South Dakota Statutes

§ 47-16-40 — Distribution of net proceeds.

South Dakota § 47-16-40

Title 47CORPORATIONS

Ch. 47-14BCOOPERATIVES--MEMBERSHIP, STOCK AND DISTRIBUTIONS

This text of South Dakota § 47-16-40 (Distribution of net proceeds.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 47-16-40 (2026).

Text

At least once annually the directors of a cooperative shall determine and distribute net proceeds as provided by §§ 47-16-41 to 47-16-53 , inclusive.

Free access — add to your briefcase to read the full text and ask questions with AI

Legislative History

SDC 1939, § 11.1131 as enacted by SL 1965, ch 23, § 1.

Nearby Sections

15

§ 47-1-1

Repealed

§ 47-1-3

Repealed

§ 47-1-4

Terms to include blockchain technology.

§ 47-10-1

Purposes of corporations.

§ 47-10-10

Incorporators.

§ 47-10-11

Directors--Number and term of office.

§ 47-10-12

Capitalization--Minimum capital before commencing business.

§ 47-10-13

Accumulation of surplus--Use of surplus.

§ 47-10-14

Persons authorized to hold common stock.

§ 47-10-15

First annual meeting--Conditions--Subsequent annual meetings.

§ 47-10-16

Classes of members--Stockholder members--Nonstockholder members.

§ 47-10-17

Nonstockholder members--Establishment of line of credit.

§ 47-10-18

Nonstockholder members--Duty to lend.

§ 47-10-19

Nonstockholder members--Right to withdraw--Conditions.

§ 47-10-2

Powers of corporations.

View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)

South Dakota § 47-16-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-16-40.